PTT Global Chemical reports fall in profits

1:24 PM MST | February 18, 2014 | Deepti Ramesh

PTT Global Chemical (PTTGC; Bangkok) reports a 2.1% fall in net profits for full-year 2013 compared with 2012, to 33.3 billion baht ($1.02 billion). Sales for 2013 decreased 2.4%, to bah549.2 billion. For the fourth quarter, PTTGC reports net profits of baht7.42 billion and sales of baht154.6 billion. Comparative figures for the fourth quarter of 2012 have not been provided. PTTGC says that the company, in 2013, faced various challenges from both external and internal factors, such as slow economic recovery as well as the following incidents: On 10 July 2013, the...